Determine the effect on the balance sheet after the following transaction.

You sell a product purchased for $750 for $1,500.00. This means:

This Means: Cash increases by $750?

Your Choices BTW:
-Cash increases by $750
-Cash decreases by $750
-Owner’s equity increases by $750
-Owner’s equity decreases by $750

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roxanasweeney roxanasweeney · Answer 2 · 2020-03-20T23:33:30+01:00

roxanasweeney roxanasweeney

20-03-2020

Answer:

Owner's equity increases by $1000

Step-by-step explanation:

Determine the effect on the balance sheet after the following transaction.You sell a product purchased for $500 for $1,500.00. This means:??????

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Determine the effect on the balance sheet after the following transaction. You sell a product purchased for $750 for $1,500.00. This means:

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Determine the effect on the balance sheet after the following transaction.

You sell a product purchased for $750 for $1,500.00. This means: